Amadeus to Acquire French Biometrics Firm Idemia Public Security for 1.2 Billion Euros
Amadeus, a Spanish travel technology firm, plans to acquire Idemia Public Security, a French biometrics company, for 1.2 billion euros ($1.40 billion) in an all-cash deal. The acquisition is expected to boost Amadeus' total addressable market to 50 billion euros and enhance its presence in airports and border checkpoints. The deal is anticipated to be earnings-accretive and may reduce the likelihood of share buybacks in the second half of the year.
Tickers: $AMS
Topics: acquisition biometrics earnings impact financial deal travel technology